Any area that's designated for short-term leasing will just get swallowed up.  

Don't bite big if you you THINK can't swallow.

Tough pill to swallow.

Well to be fair I’m not saying he shouldn’t have bought them (the coc return with leverage almost certainly outperformed an index fund, granted with a lot more headache) or even that he should have sold them a few years ago (the index fund thing makes a ton of sense & I’ve sold properties before and just eaten a small cap gains but when you keep stuff forever that hit becomes really hard to swallow) just that the type of asset you are in when you are older matters a lot more than when your 25, also 5 is hard to manage, if you have 25 rentals and your 88 your going to have a hard time regardless of if you have property management.

The first house i bought is now my rental instead of the one i inherited which i was renting out for the last 4 years.Long term Goals are to acquire more properties over time, currently my short term goal is to upgrade to a nicer house to live in.My realtor swears up and down not to sell it and to refinance the one im in, as well as my lender, but 259k in interest going from it being paid off in 4 years to 1600 a month for another 30 years is a hard pill to swallow, even though technically the tenants would be paying it off but at the same time i lose allot of profit.

I think that when we see rates drop down to about 5%, we see those sellers start to come out of the woodwork because even though that 3.5% interest they currently have looks great, a 5% interest on their dream home or next step up is a lot easier for them to swallow than a 7%. 

Yeah, with rates where they are, It's hard to swallow the refi. 

As that is a tough pill to swallow (especially on the ego side), multiple investors are opting not to do this.

There are some NNN dst offerings out right now, but with the pent up demand, the available equity and being swallowed up fast!

Thanks for your input, comparing it this way reduces the the sticker shock of the 10.5% but it's still a tough to swallow.